South Bow would also agree to pay another $40 million to guard against future oil spills, as well as $3 million to Kansas for environmental restoration projects.

Trump said that the he would be reinstating a blockade of the strait, and declared that the U.S. should be reimbursed for "providing safety and security" to the waterway.

U.S. electrical manufacturers are looking to get around heavy tariffs and geopolitical strife by taking action to promote domestic production.

The expansion in supply chain activity seen in June was attributed to raised inventory levels among downstream retailers and larger firms.

Supply chain leaders need to speak the language of business: beyond service levels and freight rates, stretching into working capital, margin contribution and growth enablement.

Emre Akbag, managing director of Siemens Digital Logistics, details how managers can anticipate supply chain changes rather than always being in reactive mode.

What does the coming of HS 2028 on January 1, 2028 mean for companies involved in international trade?

The warning signs are already clear enough that businesses should begin evaluating where their supply chains remain most exposed to climate risks.

More than 28,000 CDLs deemed to have been issued illegally have been revoked as of May 1, according to the U.S. Department of Transportation.

The spate of incidents is a reminder of the continued risks to ships crossing through Hormuz, even with military forces protecting vessels crossing by a route near Oman’s coastline.